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igor_vitrenko [27]
4 years ago
5

Pfizer Inc., a pharmaceutical company, reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of

the year of $71,993 million and dividends of $7,448 million, and other transactions with shareholders that increased retained earnings during the year by $14 million.If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year?
Business
1 answer:
Kisachek [45]4 years ago
7 0

Answer:

$71,774 million

Explanation:

Given that,

Beginning retained earnings = $71,993 million

Net income = $7,215 million

Dividends = $7,448 million

Other transactions = $14 million

Balance of retained earnings at the end of the year:

= Beginning retained earnings + Net income - Dividends + Other transactions

= $71,993 million + $7,215 million - $7,448 million + $14 million

= $71,774 million

Therefore, the balance of retained earnings at the end of the year is $71,774 million.

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Classical Economics assumes there is neither __________ nor international trade involved with the economy..
wlad13 [49]

Answer: Government

Explanation:

Classical theory of economics states that the economy is self regulated and operates at full employment. It states that the economy is fully capable of achieving real GDP output when employment is full. It assumes that there is neither government nor international trade involved with the economy.

4 0
4 years ago
An individual employed part-time at a retail store that schedules her based on the busiest times and days throughout the year, w
kykrilka [37]

Answer: contingent

                         

Explanation: It refers to the employment in which the job of an individual is not fixed with the company. In case of contingent employment, the employees are usually hired when there is a specific project to complete that needs extra work force.

Unlike seasonal employment the these employments are non recurring and there is no time fixed for employment that an individual could expect.

Thus, from the above we can conclude that the given case is an example of contingent employment.

8 0
3 years ago
While preparing a assessment of your job performance the previous year, you are required to list three goals for the coming year
Kisachek [45]

Answer:

Realistic

Explanation:

The  acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that  goal setting should adhere to, to ensure that the goal is achieved.

The criteria Realistic in "SMART"  emphasizes that a goal that is been set should  be realistic and  achievable  given the available resources and time.

The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.

4 0
3 years ago
Tanning Company analyzes its receivables to estimate bad debt expense The accounts receivable balance is $300 000 and credit sal
pentagon [3]

Answer: Bad Debt Expense 28,000 Allowance for Doubtful Accounts 28,000

Explanation:

Account receivable = 300,000

Percentage uncollectible = 10%

Current balance = 2000

Adjustment to allowance for uncollectible accounts is given by :

(Account receivable ×percentage uncollectible) - current balance

(300,000 × 10%) - 2000

(300,000 × 0.1) × 2000

30,000 - 2000 = 28,000

Therefore, adjustment should be :

bad debt expense debit 28,000

allowance for doubful account credit 28,000

6 0
4 years ago
What should be the current price of a stock if the expected dividend is $4.00, the stock has a required return of 15%, and a con
TiliK225 [7]

Answer:

current price of stock = $40

Explanation:

given data

expected dividend = $4.00

required return = 15% = 0.15

growth rate = 5% = 0.05

to find out

current price of stock

solution

we get here current price of stock that is express as

current price of stock = \frac{D}{r-g}   ....................1

here r is required return and g is growth rate and D is expected dividend

put here value in equation 1 we get

current price of stock = \frac{4}{0.15-0.05}

current price of stock = $40

7 0
4 years ago
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